11:54 AM EST - Brookfield Real Estate Services Inc. : Has approved the acquisition of certain franchise agreements from Brookfield Real Estate Services Manager Limited. Under the Royal LePage and Via Capitale brands, the Company will acquire franchise agreements representing 38 real estate operations and 563 REALTORS®1 across Canada for approximately $8.8 million. These agreements are estimated to generate an annual royalty stream of $1.2 million and will be effective January 1, 2018. Brookfield Real Estate Services Inc.
shares T.BRE are trading down $0.02 at $16.00.
